Title
Resolution Authorizing Transfer of Surplus Funds For Purchasing Certain Capital Items In This Fiscal Year Instead of FY14.
Summary
DESCRIPTION OF TOPIC: (who, what, when, where, why, and how much)
Resolution Authorizing Transfer of Suplus Funds For Purchasing Certain Capital Items In This Fiscal Year Instead of FY14.
SOURCE OF FUNDING:
Please provide the amount requested: Transfer of surplus funds in the amount of $60,854
Is this a budgeted item? Yes
Please provide the budgeted amount: $60,854 Account No. Departmental Surplus Retirement Expense Accounts
If budgeted, is this a capital purchase, capital project, or special fund? No , Yes when transferred
Was this item included in the Fiscal Year Capital Projects Plan? No
If yes, please provide the amount included in Capital Projects Plan: $n/a
Body
WHEREAS, there are surplus funds available in the departmental retirement expense accounts in the current FY13 budget, and
WHEREAS, there is a desire to use the surplus funds to purchase certain capital items now that are currently listed in the FY14 budget, and
WHEREAS, this transaction would allow the FY14 budget to be reduced by $60,854 if the items were purchased now in the current fiscal year rather than waiting until FY14.
NOW THEREFORE BE IT RESOLVED that the City Council of the City of Foley, Alabama, as follows:
SECTION 1: Authorizes Transfer of funds from departmental surplus retirement accounts as reflected on the attached spreadsheet.
SECTION 2: Approves purchase of time and attendance system from Gorrie Regan not to exceed $46, 268.50 as reflected on the attached quote.
SECTION 3: Approves purchase of Fire Proof Filing Cabinet from Office Depot not to exceed $3,000.
SECTION 4: Approves purchase of NeoGov Insight Hiring Management online job application web based system not to exceed $11,585.00 as shown on the attached quote.
SECTION 5: This Resolution shall become effective immediately upon its adoption as required by law...
Click here for full text